Vertiv Holdings (VRT) Revenue — Quarter Ended Jun 30, 2023
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The growth reflects continued expansion in the company's top line.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue increased in the current quarter compared to both the prior quarter and the same quarter last year. The growth reflects continued expansion in the company's top line.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.7B
Revenue reported for this quarter.
Quarter-over-quarter
+14.0%
Change from the immediately preceding quarter.
Year-over-year
+23.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $1.5B | +20.5% |
| Dec 31, 2022 | $1.7B | +17.3% |
| Mar 31, 2023 | $1.5B | +31.5% |
| Jun 30, 2023 | $1.7B | +23.9% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, indicating sequential improvement. Compared with the same quarter one year earlier, revenue was also higher, showing year-over-year growth.
Quarterly comparison
Revenue in the current quarter exceeded the level of the prior quarter and was also above the figure from the same quarter a year ago. The trend data shows that revenue has increased in each of the last four quarters compared to the respective prior-year periods.
What to watch
The filing context does not provide specific risk factors or management discussion beyond standard headings, so no additional watch items are identified from the supplied text.